NZ's Warehouse Group sees worst day in over 4-mths on unfavourable results

Warehouse

27/09/2022 23:48

** Shares of Warehouse Group Ltd  WHS.NZ  fall as much as
4.9% to NZ$3.27, on track for worst day since May 19, if losses
hold; stock hits lowest since Sept. 8 
    ** Retail service company says net profit declined 19.3% to
NZ$87.1 mln ($49.05 mln) for FY22  urn:newsml:reuters.com:*:nNZW2BD3P8
    ** Says COVID-19 store closures and restrictions,
disruptions to supply chain and increased ocean freight costs
impacted FY22 group sales and profit for co
    ** Says recorded group sales of NZ$3.3 bln for FY22, down
3.5% on prior year, declares final dividend of 10.0 NZ cents/shr
  
    ** Shares of co are down 7.0% YTD, as of last close 
($1 = 1.7759 New Zealand dollars)
 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))